Current Report No. 14 /2025

The disclosure identifies the major shareholders of 11 bit studios S.A. who exercised significant influence during the Annual General Meeting held on June 12, 2025. This regulatory filing, mandated by Polish public offering laws, details the concentration of voting power among four primary entities and individuals who held at least 5% of the votes present at the assembly. The data reflects the ownership structure of the Warsaw-based game developer and publisher at a specific point in time, highlighting the balance between institutional investment and internal management holdings.

Grzegorz Miechowski emerged as the largest stakeholder at the meeting, controlling 168,413 shares. This stake represented 28.98% of the votes cast at the assembly and 6.97% of the company’s total voting rights. Institutional presence was represented by Nationale-Nederlanden PTE, which held 124,949 shares, accounting for 21.50% of the meeting’s voting power and 5.17% of the total voting rights. These figures underscore the significant role that pension fund management plays in the company's capital structure alongside its founding leadership.

The remaining major participants included Przemysław Marszał and Michał Drozdowski. Marszał held 120,003 shares, representing 20.65% of the votes at the meeting and 4.96% of the total voting rights. Drozdowski controlled 98,844 shares, which translated to 17.01% of the meeting’s votes and 4.09% of the total voting rights. Collectively, these four shareholders dominated the decision-making process at the 2025 Annual General Meeting, reflecting a governance environment where key management personnel and a major financial institution maintain a consolidated influence over the firm's strategic direction.